AUDUSD 3 Peaks and Domed House is still on, as is the SP500 pattern.

The 3 Peaks and a Domed House pattern which I have been following since May, still appears to be valid, despite the larger than expected rally to 1.07 last week. - Here is the link to my previous post on the AUD 3PDH. And here is the previous chart and the updated chart.

US equities (As defined by the SP500) are also continuing to trace out its respective pattern. He is the link to me previous (and extremely long-winded) post on this.

And here is the SP500 weekly chart at last nights close.

 

 

Firstly - My usual, I don't want egg allover my face, caveat: Patterns are not written in stone, and even the best of them can fail at times. (In fact failed patterns can be wonderful trading opportunities.) . Nonetheless both the SP500 and AUDUSD 3PDH patterns are tracing out really well, and confirming each-other. - IF this continues to follow through as per the typical 3PDH pattern, then this may be on the cusp of a very large ande volumous decline. - In terms of the SP500 we may be looking to a move towards 950ish. - It could surpass that, but right now that is where the indications are this may be heading.